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. this is "your money." the elections are over. the american people have spoken. now it's time for washington to get to work. >> you elected us to focus on your jobs, not ours. >> that's because nothing is more important to our economic recovery than creating jobs. president obama says he'll add 12 million jobs over the next four years. but for his math to work, the pace of economic growth needs to pick up. with a crisis in europe and a slowdown in asia, an economic storm beyond our control stands ready to batter our shores. still, two years of consistent job growth prove we are heading in the right direction, but the fiscal cliff is one storm that will be of our own making unless washington acts. $7 trillion in across-the-board tax hikes and spending cuts over the next decade mandated to begin in january. it's the legislative equivalent of a slow motion train wreck that washington can avoid. the question? will congress and the president drive that train over a cliff? >> we won't solve the problem of our fiscal imbalance overnight. >> the elections are over. the threats to our economy are not
that your parents did? >> never. >> hello, it's midday here in london, 7:00 in the morning in washington. there's been a new twist to the sex scandal engulfing the american military top brass there. on friday, general david petraeus resigned as boss of the c.i.a. after it was revealed that he had been having an extra marital affair. now general john alan has been drawn into the scandal after what is being called inappropriate communications with a woman also linked to the affair. he has denied any wrong doing, but his application for a top nato job has been put on hold. >> there will be moments like this -- >> another top american commander, another career threatened. this time it's general john allen. he's in charge of u.s. forces in afghanistan, and he was about to be confirmed as the supreme allied commander europe. but he's now under investigation for alleged inappropriate communications. apparently tens of thousands of pages of emails and daments spanning the past two years with this woman, jill kelly. she's a volunteer with military families at the u.s. base in tampa, florida. but
and dreams on four more years of the president. it is now up to him not to disappoint them. >> our washington bureau chief joins us now. obama stays in the white house. republicans retain the house of representatives. democrats maintain their majority in the senate. basically, we are seeing the same cast of characters. what do you think will be different this time around? >> that depends very much weather you are an optimist or a pessimist. at the end of this year, there is this fiscal cliff. president obama has to solve it. austerity measures, a huge increase of taxes -- all this is going to happen if democrats and republicans do not come together, so i can offer three scenarios -- the first would be that there is no willingness of compromise, that they will just take the can down the road. it would be disaster for the u.s. and the rest of the world. second scenario -- a new willingness of compromise and coming together, and i do not think this is likely to happen, so there is scenario 3, that everybody has to give up something. this would mean, for example, for democrats that they will have
here. jobs are critically important, and i think if you take a look at what is wrong with washington, d.c. compan, there a long list of people. the jobs bill as a prime example that you brought up. it is interesting the gentleman i am running with is hyper partisan. he mentioned rosa, and she has gotten off hold of me and said he has not been much of the health on the subcommittee, and quite frankly, what needs to be done is people need to work together as americans. is when doesion thi politics trump jobs? is it when clean air or clean water is at stake or perhaps politics? >> the answer is jobs, and we need to create an environment in washington, d.c., where we are working together. we are trying to create an environment of working together. it is a political year. of course she is going to endorse the senator that best represents her local view, which is connected. >> senator, your turn. >> she did not endorse me. she just said what the record was. politics should never trump jobs. the problem was not wanting to invest in this country. clean water and clean air, it is a $3 billion in
is our guest. "washington journal" is next. host: federal officials including lawmakers on capitol hill are looking at how to slash wait times and possibly boost early voting. that will be hours subject for the first section of this edition of "the washington journal." for the first 45 minutes we will be talking to you about remedies to speed up the voting process. the numbers are on the screen. you can reach out to us by social media. @cspanwj. the conversation constantly going on on facebook -- facebook.com/cspan. we begin this morning with a look at the lead story in "the baltimore sun." pushed to speed of voting processes is the headline. he writes -- we want to find out from you, our viewers and listeners, your thoughts and remedies on speeding up the voting process. more from the article in "the baltimore sun." the article goes on to talk about a bill being proposed by virginia by senator mark warner. it says -- we would like to show you a little bit more about what the president had to say regarding voting lines and polling places. his thinking people and appreciating the time th
to washington today after winning the electoral college, the popular vote and a second term. good evening, i'm judy woodruff. >> ifill: and i'm gwen ifill. on the "newshour" tonight, kwame holman wraps up the results and the reaction and ray suarez reports from chicago on the president's day. >> woodruff: we assess the tactics that led to success for the obama campaign and failure for mitt romney. >> ifill: we examine the messages voters sent yesterday with jeffrey brown, who looks at the makeup of congress and the new laws around the country. >> woodruff: what to do about the fiscal cliff, healthcare and immigration? we explore the challenges ahead in the next four years. >> ifill: and back with us again, for analysis, are mark shields and david brooks. >> woodruff: that's all ahead on tonight's "newshour." major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and
me now, cnbc washington reporter eamon javers. you heard the numbers we just ran down. what is the short-term tangible consequence if we don't get action on the fiscal cliff. >> cote is right, it does cause uncertainly. life is uncertain and so they know that there's going to be this issue and that washington is going to wrestle with it. in the short term, the very short term, i think actually some of the hype around the fiscal cliff is a little overblown, particularly because the first couple of days or week or so after we go over the fiscal cliff we won't see all that many impacts. all these tax and spending impacts take months to go into effect. it doesn't impact the economy until people start paying taxes, which could be several months down the line for most americans. on the spending side as well, spending is built into the cake so again you'd be looking at stuff that would be impacting the out months. for the first couple of months, no real specific impact. the big thing to worry about is whether wall street freaks out or not about the fact that we've gone over the fis
gripped the nation's capital since friday. tara mergener is in washington with more. what's the latest there? >> reporter: good morning to you. that's right. another twist in this drama. defense secretary leon panetta ordered a pentagon investigation on monday involving one of the u.s. military's biggest names. general john allen, the man who succeeded david petraeus as head of the international forces in afghanistan, is now linked to the fbi investigation involving his predecessor. >> i want to thank you all so much for being here this morning. >> reporter: secretary of defense leon panetta confirms department of defense is investigating allen, and a senior u.s. defense official says the inquiry centers around potentially inappropriate e-mails with jill kelly, the florida woman who sparked an investigation that led to petraeus's resignation as head of the cia. >> if you know my sister, like i said, she is a dedicated mother and a dedicated wife. >> reporter: kelly first went to the fbi when she received threatening e-mails from an anonymous source. those were allegedly linked to paula
making unless washington acts. $7 trillion in across the board tax hikes and spending cuts over the next decade mandated to begin in january. it's the legislative equivalent of a slow motion train wreck that washington can avoid. the question, will congress and the president drive that train over a cliff? >> we won't solve the problem of our fiscal imbalance overnight. >> the elections are over. the threats to our economy are not. time to get to work. and there is lots of work to be done. starts with averting the disaster of our own making. i repeat that. the fiscal cliff. we've got it covered frommive angle. christine romans is host of "your bottom line," richard quest of "quest means business," david walker spent a decade oversaeg the federal government, how it spends your tax dollars as the u.s. comptroller general. today he's the ceo of come back america. he's an unapologetic deficit hawk. mohammed al arian is the ceo of pim he could. his firm is the largest investors in bonds. and stephen moore is the founder of the low tax advocacy group club for growth. i'm going to start
. this nation is going to begin to change for the better tomorrow. >> the latest poll from the washington post presents 50% of voters will cast their ballots for obama. polls indicate a close race in eight states. some suggest the candidates are running even. others give obama a narrow lead. obama carried the state four years ago due in part to younger voters. but unemployment in ohio has topped 12% among people aged 20 to 25. disappointment over the economy is working in romney's favor. so young democratic campaigners are trying to turn things around. nhk world's washington bureau chief reports. >> reporter: john is one of the leaders of college democrats which backs president obama. he is frustrated that students don't seem fired up about the presidential race even though election day is almost here. >> it's definitely really close. there is a sense of anxiousness in the air. because it's getting to point where we are looking at people on campus and asking ourselves is that person actually going to be the one vote that decides the election? >> reporter: he wants to find a way to ignite stude
in the u.s. and district of columbia, washington, thats, will be voting. the pern that receives the post popular vote wins that state or the district and the winner gets all the electoral votes assigned to that state. there are 538 total electoral votes and you need 270 to be the next president. 270 is the magic number. >> winner takes all electoral college system. >> yes. >> except for two states, nebraska and maine. >> that is correct. they are blue states like vermont, new york, california, and there are red states, kentucky, south carolina, and indiana, and i think abc has already reported or called those three states winner of one by romney, by the way, and then there are the swing states or the toss-up states or some people call them the battleground states, virginia, florida, ohio, colorado, iowa, new hampshire, and wisconsin and you need to win votes from electoral votes from these swing states to get to that magic number of 270. the latest poll indicates that before we went into this election day 243 electoral votes secured by obama versus 206 secured by romney, so there are 89
of washington, i have never been more hopeful about our future. >> president obama accepts another term and once again promises america change. good afternoon, i'm frank mallicoat. as the president wins another four years in the white house, wall street is reacting not in a good way either. the dow is tanking today. jason brooks with kcbs and cbsmoneywatch.com joins us now and is it all politics or is business at play as well, jason? >> reporter: we have a number of issues sinking the stock market today. it's one of the worst days for the market in 2012. there are election issues at play, as well. we have sectors that are under pressure from regulatory concerns, namely financial, also energy. but then i have healthcare sector doing well since romney won't be able to invalidate obamacare. there is the looming fiscal crisis and the partisanship that's prevailing up until this election, worries that congress and the white house won't be able to solve that looming fiscal crisis. but another big issue really sinking the market today is europe. we have a downgrade from the european union on growth pro
now, "bbc world news america." >> this is "bbc world news america" reporting from washington. the scam which brought down the c.i.a. director spread further. now it is the actions of the top u.s. commander in afghanistan called into question. failing its mandate, the bbc gains access into an internal report showing the united nations failed to protect civilians in sri lanka. >> they left actually at the moment the population needed them more than ever. the government wanted them out of the way essentially because they didn't want anyone to see what was happening. >> running the world in just a week. a marathon man on a mission that boo leave most of us in the dust. welcome to our viewers on public television in america and around the globe. bizarre. it is the only way to describe the scandal that has already claimed the job of the c.i.a. director and now has america's top commander in afghanistan under investigation. both are strange enough, but how do you explain the addition of a shirtless f.b.i. agent and 30,000 e-mails. here is the latest. >> it is a washington drama with
is live from washington this morning. very nice to see you, mark. so the house is back in session today, and so far there are no talks scheduled between top republicans and the president, we understand. >> no, that's true, zoraida. in fact we haven't seen the congressional leadership and president obama meet since november 16th. now there were staff discussions over the thanksgiving holiday. they don't seem to be as productive as some people had hoped, as you said, we are now 35 days until the fiscal cliff. what we do know, though, is that president obama did reach out to house speaker john boehner. he is the republican, the senate majority leader harry reid the democrat over the weekend, perhaps to try to jump-start the talks. as of now, as the house of representatives comes back today, as the senate came back yesterday, we're still very much in limbo on the fiscal cliff. >> here's something else we know. some major republicans have come out and they say that they don't feel bound by the americans for tax reform pledge. most recently we saw house majority leader eric cantor. do you bel
intelligence. >>> with washington still divided after tuesday's election k the president and congress find common ground on the fiscal cliff, immigration and other big issues. we'll ask our headliners, republican saxby chambliss and the senator responsible to adding to the democrat majority, senator patty murray. >>> representatives donna edwards and aaron schock, paul gigot, katrina vanden heuvel and greta van susteren. >>> hello, again. what a week in politics. with his victory in florida yesterday, president obama now has a sweep of the battlegrounds. 332 electoral votes. losing only indiana and north carolina from his 2008 total. the popular votes are still coming in. the president will come up about 8 million short of his 2008 tally. we'll discuss how obama did and what's next for the gop and the governing challenges ahead? >>> but first, that friday afternoon bombshell. david petraeus resigns at the cia after officials uncover his extramarital affair. . >> yes it came to light after a woman in tampa tied to military got a peculiar, harassing e-mail. she was so concerned, she contacte
damaged before he even got behind the wheel. "good morning, washington" at 5:00 a.m. starts right now. captioned by the national captioning institute --www.ncicap.org-- >> it is 5:00 monday november 5. >> rise and shine. we will get to jackie. >> a cold start this morning. temps around freezing in a few areas. but it looks pretty good out there. looking at the live picture. temperatures are 41 right here. 43 at reagan national. 40 at dulles. 37 in call -- culpepper and petersburg below freezing. 40 degrees is above the freezing market in terms of warming. not all that warm overall when you look at highs in the upper 40's, around 50 and high should be in the low to mid 60's. we will get some sunshine by this afternoon so you have to look at it with a before spin. over to traffic with jamie. >> a positive spin on the traffic. a lot of construction overnight in the tysons area on the beltway near 123, route 7, braddock road all wrapped up and projects on metrorail, toll road a lot of construction but looking in the dulles area and that looks nice and quiet. no problems on
pledges and instead are now claiming the grover norquist is the real problem in washington d.c. fox digital politics center is here with us tonight as is the daily caller stalker carlson. egyptian leader declaring new powers for himself, claiming he won't be just another dictator. just a week ago praised by the obama administration for brokering a ceasefire in gaza, and now the white house is silent on the more -- coupe. middle east expert professor hoover institute senior fellow "wall street journal" as columnist among our guests here tonight. we begin with the president's broad based strategy to conduct our right class warfare against the republican party on the issue of taxes and the fiscal cliff. the white house today released a report from the council of economic advisers. that report claims that if republican lawmakers don't accept the president's fiscal proposals they would be responsible for destroying christmas for the nation's retail sector. the national retail federation is forecasting that holiday sales will grow. if congress does not act on the president's plan to exten
to make his case for the possibility of higher taxes ahead. our washington correspondent, john harwood, is here with the very latest. hi, john. >> reporter: hi, tyler. you know, everybody is staking out public positions and trying to drive public opinion their way. the president's been doing that all week. he is doing that with his meeting at 2:30 this afternoon with small business leaders from around the country. he is later going to travel to pennsylvania to make his case publicly, part of what he is saying is that if you adopt his plan on the extension of the bush tax cuts that is for the middle class and not for people at the top that almost every small business owner is going to get a tax cut as a result of that. and republicans are staking out their own position that tax revenue can go up but not tax rates. once they get into the room and the hard bargaining which of the positions ultimately falls away. the signs remain positive, tyler, we will get a deal by the end of the year. >> the president just half of the equation. congress is the other half. and many of those members, all
can come up with. >> we need to bring it back into balance. >> molly, you covered washington. this is the fundmental issue we are talking about. it's an ase metric polarization. it's a political science. impeer cal way of trying to track where people are and where the caucuses are. the originator of this scoring system ran the new numbers. the 112th senate is on top and the 113th senate is on the bottom. there's not that nuch difference. both peaks narrowed. they cluster more around their caucuses. can the senate function under its current conditions of polarization on one hand and super majority on the other? >> not so far, right. in the last couple years, they haven't gotten a lot done. i think this argument about, you know, status quo versus a mandate for if not change something. it's interesting. it's like the republicans are making this argument that there was a mandate to do nothing because they do not want to see liberals take the ball and run with it. and accomplish a lot of their policy proposals or ideas. so -- but i think you see wiggle room. you do -- i mean every
segment of the "washington journal." you can also contact us via social media and email. you can make a comment on our facebook page, and finally send us a tweet. here is the hill newspaper from this morning. g.o.p. forget tax rates in talks on the deficit, let's look at the spending. the speaker's swift rejection of an idea floated by representative tom cole of oklahoma, a respected party strategist and former chair of the house g.o.p. campaign committee came as the republicans voiced increasing concerns over the debate of the so-called fiscal cliff. boehner said it's time for them to get serious about the spending problem that our country has. republicans complain that for all the talk of coming up with a balanced budget plan, he has made little effort to identify specific proposals beyond increasing taxes on the wealthy. "the white house has not produced any of the balance in the president's described balance proposal that peter roscoe, the house g.o.p.'s deputy whip. boehner and the other house republican leaders will meet on thursday with treasury sec tir tim geitner and the whit
.m. in beijing and 7:00 a.m. in washington where after the campaign, the polls have opened. let's go live to jane hill there. >> hello. and welcome to washington, d.c. millions of americans are going to the polls today to decide who will be their president for the next four years. the race between the democratic president, barack obama and governor mitt romney is one of the tightest in decades and may well be decided in a handful of key states. president obama appears to have the lead in a number of those key states but governor romney is campaigning right up to the wire and taking part in rallies in ohio and pennsylvania. more from adam brooks. ♪ >> opening for the president of the united states. it's jay-z revving up the crowd during last-minute campaigning in ohio. [applause] >> mr. obama needs all the star power he can get. this election is very, very close. americans are deeply divided on mr. obama's record and not sure they believe that america's economy is mending. >> we have made real progress, ohio, but the reason why we're sheer because we have got more work to do. >> the republican c
30 governors for the team. which is the highest level in 12 years. maybe another in washington state, so there was some bright spots, but overall, i agree. a combination of tone and message and reaching out to new and minority voters and making sure that we do a better job on the ground. >> well, gracious to come out and directly admit it, although you are right on on the governor's side. one of the wings that cornyn was referring to was the tea party and some big name tea partiers lost last night. joe walsh, josh mande ll, richard murdoch in indiana. he had a specific situation there with the comments he made on abortion, but i think the question is is the tea party still relevant? is it now become an albatross? >> erin, what the tea party and other conservatives that believe we ought to -- balance budget, i think that's pretty a mainstream idea. they helped me immensely with the victory in virginia three years ago. i think it's how we organize. how we deliver the message. we've got to be a lot more inclusive and open and energetic by expressing why these are -- we've just got to do
away from the fiscal cliff. we have fox team coverage. chief washington correspondent james rosen is at the white house to tell us about the president's return to the campaign trail sort of. but we begin with the chief congressional correspondent mike emanuel and another reason that the talk reconciliation so important. good evening, mike. >> good evening. there are strong suggestions that the nation's debt problem may be worse than $16 trillion and counting and key lawmakers are saying it's time to slash spending. >> i can cut $600 billion more out of the federal government tomorrow. nobody would know a difference except for the people employed by the programs here in washington, d.c. >> when asked by fox what he would be willing to cut, the senate majority leader didn't offer anything new. >> remember, we have already done more than $1 billion worth of cuts. we have done that. so we need to get some credit for that. and the negotiations that take place. >> 42 business organizations sent this letter to top lawmakers urging congress not to increase taxes writing, "we strongly urge
following historic victories in colorado and washington. voters in both states approved measures legalizing marijuana for recreational use, the first time ever that has been achieved by popular vote. the justice department is reviewing the ballot measures and is widely expected to challenge their implementation. on tuesday, marijuana reform activists in colorado and washington said they hope to provide a model for the rest of the country. >> colorado rejected the failed policy of marijuana prohibition and made a positive step for toward regulating this product, taking it off the streets of putting it behind the counters and taxing it. we feel colorado can be a model for the nation and how to sensibly regulate marijuana policy. >> today, the state of washington said it is time for a new approach. >> tuesday's election was historic for women who come january, will hold 20 out of the 100 seats in the u.s. senate, the largest number ever. tuesday's elections of 5 the women elected to the senate. in addition to elizabeth warren and tammy baldwin, and democratic congress member mazie hirono was e
was in a book meeting in washington d.c. and looked at what the president did last time and needs to do this time. >> it was clear from the beginning that there would beative resistance from the republicans he did. but at the same time, i think he could have done more with respect to setting the right tone and showing some leadership and these are two areas that he has to focus on in his second term . reaching out to the business community and listening. and reacting to what he's being told and successly as difficult as it sometimes is and almost all of you in the room who had experience working with congress, that's the nature of the system. >> steve: i hope the system changes a bit and we get some stuff done for the next two years. >> brian: that woman walked in front. >> steve: didn't she know we were watching. >> gretchen: what was a factor in the tuesday election or a side show. the man who advised gary johnson and third party candidates here next. >> steve: look at the pilot's plane. it crashes and caught on camera. you can watch it. don't distribute. ♪ ♪ than that though, the
damage that america could do itself if washington allows us to go over the fiscal cliff. according to studies, the average household could pay $3500 more in taxes. unemployment in the u.s. which has come down to 7.9% could head back up above 9% by this time next year. the u.s. could join europe which has been hit by a double dip recession. and according to a pugh research/"washington post" poll, you clearly understand the danger of this fiscal cliff. 68% say it will have a major effect on the economy. 21% say just a minor infect. only 2% say no effect. 10% say they don't know which is why you're watching this right now. president obama's solution to all this is to make a deal centered around increasing taxes on the wealthy which will go a good part of the way to raising the $1.6 trillion in new revenue that he wants to raise over the next decade in his attempt to reduce the federal deficit. he wants to let the bush era tax cuts expire. if that happens, the top tax rate on income would jump from 36% to 39%. he likes to say that's where it was during the clinton years. the second top
. >>> lawmakers return to washington today with just 35 days until the "fiscal cliff" happens. and believe it or not, airlines are trying to keep queue on time. we'll explain now. >>> first business starts now. >>> you are watching first business. >>> good morning, it is monday, november 26, i am bill, so, did you survive black friday and welcome to super mondays. the holiday shopping season is now if full swing. we are going to spend more the last few weeks of the year than last year. remember tomorrow is giving tuesday. consider what you might do. >>> 35 days now for congress to solve that little impasse . this week they are going to try to make a deal. and is europe just buying greece? today finance minterred meet again to talk about releasing more billions your rows. >>> and now tim, he is the managing partner, so, tim, the eu, they are met meting again today and it still looks like they need money to go to greece. how much are traders going be paying attention to this? >> well, i think it is going p quite a bit of attention because it is a critical issues. and after three years of res
to your pbs station from viewers like you. thank you. >> brown: washington's struggle to avoid going off the "fiscal cliff" resumed in earnest today. the president moved to draw on his reelection victory for new clout with congress. the goal: a sweeping deficit agreement to avert $650 billion in spending cuts and tax increases at the start of 2013. from the white house came word that president obama will try to build public pressure on congress to raise taxes on the wealthy and prevent tax hikes for everyone else. white house spokesman jay carney. >> well, the president believes very strongly that the american people matter in this debate. because this debate is about them. the question of whether or not taxes go up on 98% of american tax payers is a very important to ordinary americans. it is not just a matter for discussion between the president and the senate minority leader. or other congressional leaders. >> brown: to that end the president met privately today with small business owners. on friday he'll travel to the philadelphia area to speak further on the issue. not to be outdone
in washington d.c.. that is true but don't compromise on a bad solution, on something you know is going to make things worse. on some of these issues they should dig in their heels but it is good for the country or good for the economy, find a way to compromise. stuart: always a pleasure. sorry to cut it short but i did -- i have so much on my plate this morning but come back and see us again soon. 9:49 or morning gold report. where are we the day after with the price of gold? we are a $17.21, up $6 today and back above 1700 firmly. and perhaps the biggest upset of the night, elizabeth warren wins the senate race in massachusetts. maybe the country's ideology really has changed. sandra smith, charles payne coming up next. how can voters of a free market decide to elect a candidate who said this while running for office. listen to this again. >> there is no body in this country who got rich on his own. nobody. stuart: elizabeth warren beating scott brown in massachusetts. sheaths -- use the one who said this. >> nobody in this country got rich on his own. nobody. you build a factory out there --
these devotees dennis. had back. lori: i am lori rothman. melissa: i am melissa frances. will washington play ball or just bore all? president obama kicking up a busy week of meetings for the fiscal collected a. union leaders tomorrow ceos leading up to the meeting with congressional leaders on friday. so many meetings. lori: of the talks fail could we go over the fiscal click? our guest thinks so. they will feel that the most. melissa: a major reshuffle of who is in our out. lou dobbs joins us ahead. lori: are markets reacting that of the fiscal cliff? we head to the floor of the stock exchange with nicole petallides with modest gains. nicole: a green arrow, for all those folks who have seen the market selling off with an exception. we were down over 2%. we lost some of the earlier gains and was up 1/2%. and we look at some names on the move with microsoft, stepping down, the leader over 23 years, and people are wondering why and weigh in on the nasdaq, dell little better. home depot numbered with good numbers. cisco back and forth with its earnings estimate. melissa: the energy sector mostl
about the energy boom. "washington journal" next. host: good morning, it's wednesday, november 21. president obama returns to the white house this afternoon following his tour of asia. secretary clinton is on the ground in the mideast, meeting with israeli, egyptian, and palestinian officials in an effort to bring an end to the ongoing violence in the gaza strip. yesterday's fed chairman ben bernanke issued warnings to u.s. leaders negotiating over the so- called fiscal cliff about the serious financial impact looming on the horizon. that's where we begin this morning. how confident are you about the state of the u.s. economy? what steps are you taking to prepare for the potential impact if the u.s. goes off the fiscal cliff? give us a call this morning. you can also catch up with us on all your favorite social media sites, twitter or facebook. or e-mail us. thismorning to you on wednesday, november 21. we are talking about federal reserve chairman ben bernanke's comments yesterday about the fiscal cliff, and getting your thoughts on bthe u.s. economy. and this headline -- also, i
children back in march, will be in court in washington state today. the pretrial hearing of sergeant robert bails begins monday. prosecutors say they'll seek the death penalty. the hearing could last two weeks. bails has not yet entered a plea. >>> a massive wildfire in southern california shut down a major highway. the wind-driven flames burned 350 acres, about 60 miles east of los angeles, about 200 firefighters are battling the fire which broke out monday morning. several homes were evacuated and officials say traffic is flowing again on interstate 15. >>> and a beaver dam broke in washington state, sending a torrent of water and mud through a small town, about 20 miles northeast of seattle. one resident whose home was damaged by the flood, says the wall of water was about five feet high. no injuries were reported. >>> when we come back on this tuesday morning, we'll have your weather forecast, and flight fight. we'll see why the nation's number one drama at the box office doesn't fly with budweiser. y the nation's number one drama at the box office doesn't fly with budweiser. jack? jaaa
a massive selloff on wall street as investors worry about the status quo in washington. >> tom: i'm tom hudson. the election is over but the fiscal cliff, is just eight weeks away, and it will play into every decision the president makes until january first. >> susie: and the fiscal cliff is a big worry for business leaders. the c.e.o. of caesars entertainment, tells us it'll be "very damaging" for his company. >> tom: that and more tonight on "n.b.r."! wall street greeted the election results with a big sell-off in stocks. investors dumped shares of almost every type, giving the s&p 500 it's worst day since june. beyond the u.s. elections, europe also brought fresh worries for investors with concerns in greece, and germany. here's how the numbers stacked up on wall street. the dow lost 312 points, at it's worst point of the day, the blue chip index was down 369 points. the nasdaq tumbled nearly 75 points and the s&p 500 off 33. suzanne pratt takes a look at where the market goes from here. >> reporter: let's be candid. this is not the election outcome that wall street wanted to see. af
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